2017 Missouri Revised Statutes
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 376 Life, Health and Accident Insurance
Section 376.240 Deposits to be held in trust by director.
Effective 28 Aug 1939
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 376376.240. Deposits to be held in trust by director. — The securities deposited under the provisions of section 376.170 shall be legally transferred to the director of the department of insurance, financial institutions and professional registration, and so large an amount thereof as may be necessary to equal, at all times, the net value of the outstanding registered policies and annuity bonds, less such liens not exceeding such value as the company may hold against them, shall be held by him in trust for the purposes of sections 376.010 to 376.670, until the obligations of said companies, under said registered policies and annuity bonds shall, to the satisfaction of the said director, be fully liquidated, cancelled or annulled.
(RSMo 1939 § 5824)
Prior revisions: 1929 § 5713; 1919 § 6124; 1909 § 6918
